Heritage Insurance (HRTG) News Today

Heritage Insurance Holdings, Inc. (NYSE: HRTG) shares have moved on a mix of analyst actions and insider transactions. While a notable price‐target upgrade and valuation calls have supported the stock, recent insider selling has tempered enthusiasm.

• Positive Sentiment: Truist Financial boosted its HRTG price target from $30 to $35 and maintained a “buy” rating, implying roughly 23% upside from prior levels. Truist Price Target Raise
• Positive Sentiment: Zacks’ latest report flags HRTG as potentially undervalued based on its earnings momentum and value metrics, which could attract long‐term investors. Is Heritage Insurance Undervalued?
• Negative Sentiment: Chairman Richard Widdicombe sold 100,000 shares for $2.415 million—about a 14.3% cut to his stake—prompting investors to question insider conviction. Chairman’s Insider Sale
• Negative Sentiment: Following insider sales by both CEO and chairman, HRTG shares dipped about 3.1% as market confidence was shaken. Share Drop Post Insider Selling
• Neutral Sentiment: Management is set to host a virtual meeting with Truist analysts, offering an opportunity for strategic updates and Q&A. Virtual Truist Meeting
• Neutral Sentiment: Comparative analyses with peers Palomar and Sampo underscore Heritage’s strong ROE and lower valuation but don’t materially shift short‐term bias. Heritage vs. Palomar Analysis, Head-to-Head vs. Sampo